Thomas Friedman Quotes

Technology, outsourcing, a growing temp staffing industry, productivity efficiencies, have all replaced the middle class.

The bottom line is there are lots of problems that were not created by government. The biggest one is loss of middle class incomes, loss of good-paying jobs which was created by technology and globalization. Above all, when you can move a job to China or India, it reduces wages.

History is full of examples of poorer nations that become wealthy by exploiting their comparative advantage in cheap labor to become globally competitive in a range of manufacturing industries.... If robots are expected to take over many of the menial jobs currently performed by people, the concern should not be for the working class in wealthy countries but for the billions living in the developing world who will now have lost the only established ladder out of poverty.

Despite all the political sound and fury, little service-sector offshoring has happened to date. But it may eventually amount to a third Industrial Revolution, and industrial revolutions have a way of transforming societies.

The hollowing out of the middle class. That's not just about capitalism or the structure of taxation. That is also about the fundamental truth that machines can do a lot of things better than humans used to do. A lot of those people are being pushed down to do less value-adding jobs, so they get paid less money.

Offshoring manufacturing jobs left Americans with fewer high-value-added, well-paid jobs, and the U.S. middle class downsized. Ladders of upward mobility were taken down. Income and wealth distributions worsened.

As skills and energy became more of a demand, people who didn't have skills just got left behind, got shuttled to the side. Education didn't keep up with their promise. Education didn't prepare them for this new world. Jobs went overseas.

There is a large change coming in the jobs of America and competition from abroad. We should prepare for it rather than let history overwhelm us.

Transformation in the nature of work tend to brings wrenching social changes in their wake.

We plow new fields, we open new mines, we found new cities, we girdle the land with iron roads and lace the air with telegraph wires. We add knowledge to knowledge and utilize invention after invention. Yet it becomes no easier for the masses of our people to make a living. On the contrary, it is becoming harder.

There is a trend worth worrying about, which is the disappearance of manufacturing jobs from the workforce. Shortly after World War II, about one-quarter of employed Americans held manufacturing jobs. Now less than one-tenth do. From the perspective of individual businesses, this change is natural and desirable—rising productivity by definition means fewer people making more things. But it is troublesome for society as a whole, since factory jobs have historically buoyed the middle class and given rise to future industries and jobs, virtuous-cycle style.

How will we deal with a world where leisure is abundant and there aren't enough good-paying jobs to go around? To meet this political and economic meta-challenge, the hot new idea is the universal basic income — using some of the wealth generated by all this new technology to guarantee everyone a baseline income, whether they are working or not.

I work a lot on skill demands and changes in labor markets having to do with technology and with trade as well.

I see three forces militating in favor of growing inequality: increasing measurement of worker value added, automation through smart software, and globalization.

The workplace revolution that transformed the lives of blue-collar workers in the 1970s and 1980s is finally reaching the offices and cubicles of the white-collar workers.

In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true today. Increased international competition has forced American manufacturers to reduce costs. As a result, the pay premium for low-skilled workers in manufacturing is smaller than it once was.

Technology is changing so fast that knowledge about specifics can quickly become obsolete. That's why so much of what technicians learn is on the job.

Being a Midwesterner, I know that many of the middle-class manufacturing jobs that had been at the heart of our economy are either gone or going, and they're not coming back.

We are entering a new phase in human history - one in which fewer and fewer workers will be needed to produce the goods and services for the global population.

The Negro is trying to enter a social community and a tradition of work-and-income which are in the process of vanishing even for the hitherto privileged white worker Jobs are disappearing under the impact of highly efficient, progressively less costly machines.

The introduction of machinery is turning into idleness thousands, faster than new industries are founded

Even before the [2008] recession, corporations were able to enhance profitability by taking advantage of using technology to perform or supplement the work of human beings. This was, on the whole, a manageable situation. Workers who were replaced by the technology were adapting by learning how to work with the technology; jobs in technology opened up to balance the jobs lost. The current situation is far different. During the recession, companies learned how to maintain production and profits with fewer employees. They assigned existing workers to take on tasks performed by those who were laid off, they converted full-time jobs to part-time jobs (which carried little or no expense to the company for employee benefits), and they outsourced.

… industry is at present producing as much as it did in 1929. [before the Great Depression] Ordinarily this would mean work for everybody, but since the depression, ten million dollars have been spent in modernizing these particular plants with the result that they are now using ten thousand fewer men than in 1929. Two million dollars more is to be spent shortly on further modernization, and much of the heavy work done in the past by men and skilled men, many of them, will be done by machinery. College and high school boys, who stand on a balcony somewhere and press buttons are preferred for this work today, and four men will do the work of one hundred men before long!

Massive increases in productivity due to the happy marriage if information technology and advanced manufacturing techniques are having a chilling, unprecedented effect on job creations.

Suppose, … that the making of the new machinery affords employment to a greater number of mechanics, can that be called compensation to the carpet makers, thrown on the streets?